topic AOTC Eligibility Question in Education

AOTC Eligibility Question

Avanger95 — Tue, 19 Jan 2021 06:30:46 GMT

Hi guys, I have a question and would like to get some opinions and thought.

I graduated in June of 2014, and enrolled at my local community school during Fall of 14’ until I graduated in Spring of 18’ with my Associates Degree. I took a two year break and decided to pursue my bachelors in Fall of 20’. I’ve never used the AOTC, but I know it says during my, “first four years of post education”. My question is, am I too late to use AOTC as of this tax season? I know its a stretch, but thought I’d ask anyways. Thank you to whoever answers. ❤️

Re: AOTC Eligibility Question

Hal_Al — Tue, 19 Jan 2021 16:31:10 GMT

Q. Am I too late to use AOTC as of this tax season?

A. No. “First four years of post secondary education” essentially only means until you receive a bachelor's degree. So, you are still eligible

You say you've never used the AOTC There is a limit of the AOTC being claimed only 4 times on a student. So, if your parents claimed the AOTC back in 2014 and/or 2015, while you were (probably) still their dependent, the times they claimed it count against your 4 times.

Re: AOTC Eligibility Question

Avanger95 — Tue, 19 Jan 2021 16:21:47 GMT

@Hal_Al thank you so much for replying and taking your time to answer my question. I will call and ask them when I have time. One last discussion, I’m pretty sure they claimed me the during the 14’ & 15’ year. But IF they did not claim the AOTC those years, I will still have 4 years left? (I’m not sure if it automatically takes out AOTC if they claimed me as dependent).

Re: AOTC Eligibility Question

Hal_Al — Tue, 19 Jan 2021 16:34:00 GMT

That's correct, IF they did not claim the AOTC those years, you will still have 4 years left. Claiming the AOTC is not automatic if they claimed you as a dependent. But, if you were a half time or more student, it is likely that they did.

Re: AOTC Eligibility Question

Avanger95 — Tue, 19 Jan 2021 16:36:09 GMT

@Hal_Al thank you so much. You’re awesome!!!